Notes to Accounts of Tine Agro Ltd.

Mar 31, 2023

(a) Detailed note on the terms of the rights, preferences and restrictions relating to each class of shares including restrictions on the distribution of dividends and repayment of capital.

i) The Company has only one class of Equity Shares having a par value of Rs. 10/- per share. Each holder of Equity Share is entitled to one vote per share. The Company declares and pays dividend in Indian Rupees. During the year ended 31st March 2023, the Company has not declared any dividend.

ii) In the event of liquidation of the Company, the holders of Equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of

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(f) Detailed note on shares reserved to be issued under options and contracts / commitment for the sale of shares / divestments including the terms and conditions.

The company does not have any such contract / commitment as on reporting date.

(g) Detailed terms of any securities convertible into shares, e.g. in the case of convertible warrants, debentures,

The company does not have any securities convertible into shares as on reporting date.

Note: 1) Balance of Sundry Creditors are subject to confirmation. 2) In absense of the identification by the company Micro, Small and Medium Enterprise (MSME) parties from whom the company has the company has procured the goods and services. We are unable to categorize the over dues over 45 days to and interest payments outstanding to MSME as on the date of balance sheet.

Note:

The figures of the previous year have been re-arranged, re-grouped and re- classified wherever necessary.

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Mar 31, 2014

1) During the year, the company has engaged in no business activity other than renting out its vehicle. The rental income is not sufficient to meet out the expenditure of the company. As a result, the company has incurred a cash loss of Rs. 2,92,361/- during the year as at 31st March 2014, the company has accumulated losses of Rs. 62,288,730/- which amount exceeds its paid- up share capital in view of this, there is a substantial doubt about the ability of the company to continue its operations in the foreseeable future.

2) The balances of debtors, Creditors and Security Deposits are subject to their confirmation.

3) In the opinion of the Directors, the current assets, Loans & Advances have a value on realization at least equal to the value at which they are stated in the foregoing balance sheet.

4) Amounts due to creditors covered under Micro, Small and Medium Undertakings Act, 2006 could not be determined owing to lack of information available with the company.

5) Contingent Liabilities not provided for: NIL

6) In the absence of there being virtual certainty that there would be sufficient taxable income in future to set of unabsorbed business losses and depreciation, no deferred tax asset has been created, in accordance with the provisions of Accounting standard 22 "Accounting for taxes on Income" issued by the Institute of chartered Accountants of India.

7) Previous year figures have been recast and rearranged wherever thought necessary in order to make them look comparable with the current year''s figures.

8) Note Nos. 1 to 17 form an integral part of the balance sheet and the profit and loss account.

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Mar 31, 2013

1) During the year, the company has engaged in no business activity other than renting out its vehicle. The rental income is not sufficient to meet out the expenditure of the company. As a result, the company has incurred a cash loss of Rs. 2,53,608/- during the year as at 31st March 2013, the company has accumulated losses of Rs 6,04,95,831/- which amount exceeds its paid-up share capital in view of this, there is a substantial doubt about the ability of the company to continue its operations in the foreseeable future.

2) The balances of debtors, Creditors and Security Deposits are subject to their confirmation.

3) In the opinion of the Directors, the current assets, Loans & Advances have a value on realization at least equal to the value at which they are stated in the foregoing balance sheet.

4) Amounts due to creditors covered under Micro, Small and Medium Undertakings Act, 2006 could not be determined owing to lack of information available with the company.

5) Contingent Liabilities not provided for:

Claims lodged against the company not acknowledged as debts Rs. 70,00,000. (Previous Year : Rs. 70,00,000)

6) In the absence of there being virtual certainty that there would be sufficient taxable income in future to set of unabsorbed business losses and depreciation, no deferred tax asset has been created, in accordance with the provisions of Accounting standard 22 "Accounting for taxes on Income" issued by the Institute of chartered Accountants of India.

7) Previous year figures have been recast and rearranged wherever thought necessary in order to make them look comparable with the current year''s figures.

8) Note Nos. 1 to 17 form an integral part of the balance sheet and the profit and loss account.

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Mar 31, 2012

1.1 Based on the information available with the company regarding the coverage of its suppliers under the Micro, Small and Medium Enterprises Development Act 2006, no amount was due to any party covered unde the said Act.

1.2 Balances of creditors are subject to confirmation.

2 Presentation and Disclosure of Financial Statements

In compliance with the Ministry of Corporate Affairs Notification No F No 2/6/2008- CL-V dated 30 March 2011, the financial statements of the company for the year ended 31 March, 2012 have been drawn up in accordance with the terms of the revised Schedule VI to the Companies Act. The adoption of the revised Schedule VI does not impat the measurement and recognition principles followed for the preparation of financial statements. However, it has significant impact on the presentation of and disclosures made in the financial statements. The company has also recast the previous year's figures to meet the requirements of the revised Schedule VI.

1) During the year, the company has engaged in no business activity other than renting out its vehicle. The rental income is not sufficient to meet out the expenditure of the company. As a result, the company has incurred a cash loss of Rs. 2,53,608/- during the year as at 31st March 2012, the company has accumulated losses of Rs 6,04,95,831/- which amount exceeds its paid-up share capital in view of this, there is a substantial doubt about the ability of the company to continue its operations in the foreseeable future.

2) The balances of debtors, Creditors and Security Deposits are subject to their confirmation.

3) In the opinion of the Directors, the current assets, Loans & Advances have a value on realization at least equal to the value at which they are stated in the foregoing balance sheet.

4) Amounts due to creditors covered under Micro, Small and Medium Undertakings Act, 2006 could not be determined owing to lack of information available with the company.

5) Contingent Liabilities not provided for :

Claims lodged against the company not acknowledged as debts Rs. 70,00,000. (Previous Year : Rs. 70,00,000)

6) Related Party Disclosures in terms of Accounting Standard 18 issued by the Institute of Chartered Accountants of India.

7) In the absence of there being virtual certainty that there would be sufficient taxable income in future to set of unabsorbed business losses and depreciation, no deferred tax asset has been created, in accordance with the provisions of Accounting standard 22 "Accounting for taxes on Income" issued by the Institute of chartered Accountants of India.

8) Previous year figures have been recast and rearranged wherever thought necessary in order to make them look comparable with the current year's figures.

9) Note Nos. 1 to 17 form an integral part of the balance sheet and the profit and loss account.

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Mar 31, 2011

1) During the year, the company has engaged in no business activity other than renting out its vehicle. The rental income is not sufficient to meet out the expenditure of the company. As a result, the company has incurred a cash loss of Rs 226835/- during the year as at 31st march 2011, the company has accumulated losses of Rs 6,02,35,935/- which amount exceeds its paid up share capital in view of this, there is a substantial doubt about the ability of the company to continue its operations in the foreseeable future.

2) The balances of Sundry debtors, Loans and Advances and Sundry Creditors are subject to their confirmation.

3) In the opinion of the Board of Directors, the current assets, Loans & Advances have a value on realization at least equal to the value at which they are stated in the foregoing balance sheet.

4) Amounts due to creditors covered under Micro, Small and Medium Undertakings Act, 2006 could not be determined owing to lack of information available with the company.

5) Contingent Liabilities not provided for :

Claims lodged against the company not acknowledged as debt Rs. 70,00,000. Previous Year (Rs. 70,00,000)

6) In the absence of there being virtual certainty that there would be sufficient taxable income in future to set of unabsorbed business losses and depreciation, no deferred tax asset has been created, in accordance with the provision of Accounting standard 22 "Accounting for taxes on Income" issued by the Institute of chartered Accountants of India.

7) Previous year figures have been recast and rearranged wherever thought necessary in order to them look comparable with the current year's figures.

8) Schedule 1 to 12 form an integral part of the balance sheet and the profit and loss account.

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Mar 31, 2010

1) No provision for Gratuity has been made since no employee has completed the qualifying period of five years.

2) The balances of Sundry debtors, Loans and Advances and Sundry Creditors are subject to their confirmation.

3) In the opinion of the Board of Directors, the current assets, Loans & Advances are having the value at which they are stated in the Balance Sheet if realized in the ordinary course of business except as otherwise specified.

4) Sundry Creditors due to small scale and ancillary undertaking could not be ascertained due to lack of in formations.

5) Contingent Liabilities not provided for :

Claims lodged against the company not acknowledged as debt Rs. 70,00,000. Previous Year (Rs. 70,00,000)

6) Deferred tax liability / asset (net) as at 31.03.2010

Pursuant to Accounting Standard (AS) -22 Accounting for Taxes on Income, no deferred tax asset has not been considered up to 31.03.2010 in the books of account since the next year.

7) Previous Year figures have been regrouped / rearranged wherever considered necessary to make them comparable.

8) Schedule 1 to 13 form an integral part of the balance sheet and profit and loss account.